Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 3) Order 2005
Regulation 2
Exemption
Guangzhou Real Estate Investment Trust is hereby granted exemption from tax on the foreign dividends received in Singapore from the BVI-incorporated real property owning companies, subject to the condition specified in the letter of approval dated 4th November 2004 addressed to the tax agent of Guangzhou Real Estate Investment Trust.